If a hedge or cashout offers far less than your bet’s present value, don’t do it.
If your team jumps out to a big lead and they’re 80% to cover, the current value is now $168: $210 *. An average point spread bet of $110 to win $100 has a present value of $105: $210 *.
Your first step when considering any hedge is to calculate the present value of your bet: multiply your potential payout by the probability of winning.Hedging directly interferes with this goal since it involves paying the vig at least twice–once for each bet–so it should not be done on a whim. Remember that one of your primary goals as a sports bettor should be to minimize the effect of the vig.
